5 Reasons to Open a Money Market Account

Business

Here's a Great Savings Option From Your Local Credit Union

Are you looking for a place to park your savings? Do you need an account that blends accessibility with a high rate of return? Look no further! Freedom First's Money Market accounts offer convenient features with an attractive rate of return to help your money grow. You’ll earn a handsome return on your money without the risk of the stock market or the restrictiveness of a Certificate account. Freedom First Money Market accounts are also available for business accounts.

Here are 5 reasons to open a Money Market account:

1) Security

Funds in your Money Market are insured by the NCUA up to $250,000. This means you can keep a large sum of money in your account without the risk of losing it to a market crash or a poor choice of investment.

2) Accessibility

Money Market accounts have no maturity date. You are free to access the funds in your account at any time. You can make up to 6 withdrawals from your account during each statement cycle without penalty. Because of their accessibility, Money Market accounts are perfect for those large, occasional expenses like tuition payments, emergency household repairs and unexpected medical fees.

3) Higher interest rates

4) Account benefits

Your Money Market account will likely come with loads of benefits and attractive features typically at Credit Unions. For example, there may be no monthly maintenance charge for your Money Market account.

5) Easy access

Money Market accounts offer flexibility. In fact, the funds can be easily transferred to your checking account. Then, you’re free to use the funds to make payments by writing personal checks or using your debit card. At, Freedom First you could do these types of transfers from the Freedom First Mobile app.

Are you ready to start saving big? Open a personal Money Market account or a Business Money Market account at Freedom First today! Freedom First savings accounts come with lower than average fees. We believe in returning profits to our members and communities.